Exxonmobil Investment Management Inc. TX Has $7.61 Million Stake in Activision Blizzard, Inc. (ATVI)

Exxonmobil Investment Management Inc. TX lessened its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 12.8% in the 4th quarter, Holdings Channel reports. The fund owned 120,223 shares of the company’s stock after selling 17,636 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Activision Blizzard were worth $7,613,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its holdings in shares of Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after acquiring an additional 1,180 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Activision Blizzard by 261.7% in the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after acquiring an additional 1,570 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of Activision Blizzard in the 2nd quarter worth about $173,000. BB&T Investment Services Inc. bought a new stake in shares of Activision Blizzard in the 2nd quarter worth about $189,000. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of Activision Blizzard in the 2nd quarter worth about $201,000. Hedge funds and other institutional investors own 86.48% of the company’s stock.

Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $66.19 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. The company has a market cap of $50,050.00, a PE ratio of 45.34, a price-to-earnings-growth ratio of 1.94 and a beta of 1.02. Activision Blizzard, Inc. has a 12-month low of $37.49 and a 12-month high of $67.40.

Several research analysts recently commented on ATVI shares. Zacks Investment Research downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Monday. KeyCorp set a $80.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Monday. Vetr downgraded shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $70.69 price target on the stock. in a research note on Thursday, December 28th. BidaskClub downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, BTIG Research started coverage on shares of Activision Blizzard in a research note on Monday, December 18th. They issued a “buy” rating and a $80.00 price target on the stock. Six analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Activision Blizzard has an average rating of “Buy” and a consensus price target of $69.60.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the transaction, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.12% of the company’s stock.

WARNING: “Exxonmobil Investment Management Inc. TX Has $7.61 Million Stake in Activision Blizzard, Inc. (ATVI)” was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2018/01/10/exxonmobil-investment-management-inc-tx-has-7-61-million-stake-in-activision-blizzard-inc-atvi.html.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVI).

Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit